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Business Planning and Structures
Member rating: No Rating | Words: | Submitted: Wed Oct 05 2005
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Business Planning and Structures The main structures that shall be examined in the context of this venture are: partnerships, joint ventures, companies, trusts and sole partnerships. For the purposes of the investments under consideration, there could be a number of structures that might be applicable for each but not all will be necessarily as efficient. The most probable structure that might be utilised to facilitate each investment is as follows - implement the retail business as a sole trader, farm as a partnership or joint venture, joint venture or company for the speculative mining venture and set up a trust or company for the long term investment portfolio. The rationale will be elucidated below. A Retail Business The retail business is usually associated with being a sole trader owing largely to the fact that there are few legal formalities, negligible costs and relatively simplified direction taxation associated with its establishment. Further, any profits...
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